Controls & Procedures

Compliance Review Summary: Disclosure and Internal Controls

1. Management's Conclusion on Disclosure Controls Effectiveness:
Management, including the Chairman and CEO and the EVP and CFO, concluded that the company's disclosure controls and procedures were operating effectively as of December 31, 2022. These controls are designed to ensure that required information is recorded, processed, summarized, and reported in a timely manner.

2. Material Weaknesses or Significant Deficiencies:
The provided text does not identify any material weaknesses or significant deficiencies in the company's internal controls over financial reporting.

3. Changes to Internal Controls:
The company reported that there have been no changes in its internal control over financial reporting during the reporting period that have materially affected, or are reasonably likely to materially affect, the control.

4. Remediation Efforts:
No specific remediation efforts for identified issues were detailed in this section.

5. Noteworthy New Controls or Procedures:
No noteworthy new controls or procedures were introduced or highlighted in this section.

Summary of Noteworthy Findings:
The most noteworthy finding is the consistent conclusion of operating effectiveness for both disclosure controls and internal controls over financial reporting. Furthermore, the filing explicitly states there were no material changes to the internal controls during the reporting period.

Item 9A. Controls and Procedures

We maintain disclosure controls and procedures designed to ensure information required to be disclosed in reports we file or submit under the Securities Exchange Act of 1934, as amended (the Act), is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to management, including our principal executive and principal financial officers, as appropriate, to allow timely decisions regarding required disclosure. As of December 31, 2022, with the participation of our management, our Chairman and Chief Executive Officer (principal executive officer) and our Executive Vice President and Chief Financial Officer (principal financial officer) carried out an evaluation, pursuant to Rule 13a-15(b) of the Act, of ConocoPhillips' disclosure controls and procedures (as defined in Rule 13a-15(e) of the Act). Based upon that evaluation, our Chairman and Chief Executive Officer and our Executive Vice President and Chief Financial Officer concluded our disclosure controls and procedures were operating effectively as of December 31, 2022.

There have been no changes in our internal control over financial reporting, as defined in Rule 13a-15(f) of the Act, in the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Management's Annual Report on Internal Control Over Financial Reporting

This report is included in Item 8 on page 69 and is incorporated herein by reference.

Report of Independent Registered Public Accounting Firm

This report is included in Item 8 on page 70 and is incorporated herein by reference.

Conocophillips Controls & Procedures Analysis

Controls & Procedures